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20130216
20130224
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Search Results 0 to 23 of about 24 (some duplicates have been removed)
members urged caution in withdrawing stimulus to the economy prematurely. the fed policy board is expected to examine the effectiveness of its asset purchasing program more closely after its next meeting in march. housing construction is a key indicator of the health of u.s. economy. the number of permits for new construction rose for a third straight month. this suggested recovery in the housing market remains on track. department of commerce officials say housing starts last month came to 890,000 units. that's a decline of 8.5% from december. construction of condos and other multifamily tumbled 26%. the drop was enough to offset a rise. housing permits rose 1.8% from december. that's the highest level since june 2008 before the start of the global financial crisis. let's get a check on tokyo markets. first taking a look at stocks. market sentiment is damaged. the nikkei is trading at 11,423. sources say investors are selling export related issues to take profits after recent gains. moving onto currencies now. the fed minute that hint at scaling back monetary easing has led to dollar buyi
in the local economy by my parts. every person who works on my product is going to raise the price of my product. every hand that touches the unit that i sell, a certain percentage of the company buys this products. every time i go to a vendor to get a part, my costs will increase. my competitor build a similar part for almost a third of what i build a mine. you will take away the factory workers who manufacture my parts. this is all usa jobs. lower the price of gas. back to two bucks a gallon and you won't have to worry about the minimum wage. host: how would an economist pre-minimum wage respond to that caller? guest: you are raising the cost of that worker to that business. that worker will have more money to spend. you can make more profits. you can pass the cost to people who are buying your goods by raising prices. raising the minimum wage has an effect on the economy. the question -- if there is a chance it would raise unemployment or perhaps put a business in the red. host: michelle, tacoma, washington. caller: i just realized our state is one of the higher states with minimum w
state of the union address, our top priority should be doing everything we can to grow the economy and create good jobs. that is our top priority and it drives every decision we make and it has to drive the decisions that congress and everybody in washington makes over the next several years. that is why it is so troubling that 10 days from now congress might allow a series of automatic, severe budget cuts to take place that will do the exact opposite. it will not help the economy. it will not create jobs. it will visit hardship on a lot of people. here is what is at stake. over the last few years, both parties have worked together to reduce our deficit i more than $2.5 trillion. more than two thirds of that was through some really tough spending cuts. the rest of it was through raising taxes, tax rates on the wealthiest 1% of americans. together, when you take the spending cuts and increased tax rates on the top 1%, it puts us halfway to the goal of four dollars trillion -- $4 trillion in deficit reduction. thomas say we needed to stabilize finances. -- economists say we need it.
first step toward getting federal spending under control in a way that would ultimately help the economy. >> let we get back to my first, if sequestration isn't, maybe we'd get as many as we might have if we spent money and if we're at the status quo. >> they're talking as far as jobs are concerned and the larger economy. if the government spends less in the larger economy, then it would cost some jobs overall. as far as the-- >> meaning slow growth, rather than cost jobs. >> exactly. as far as the military is concerned, there's a lot of controversy about this. you have a lot of republicans who are against sequestration, solely on the grounds of cuts to the federal government, excuse me to the defense department and you've heard today, leon panetta talking about hundreds of thousands of workers who will be furloughed and talked about damage to combat readiness and say there's an omb report, management and budget which says that they believe that the secretary of defense, and the president, do have the discretion to move money around so that combat readiness would not be affected by these
, ignores an economy that is struggling, remember, it contracted in the last quarter, and it's projected to contract some more in the first and second quarter, ignored 23 million people who are out of work, ignored the fact that unemployment rates are going to go up. ignored 86 trillion dollars in unfunded liabilities. i'm embarrassed about that because the people in office that could do something about it are not doing anything about it. >> herman cain. >> and don't attack rush limbaugh-- >> herman cain you're a successful businessman and you've just made a bottom line argument that i love. if you look back at the last quarter of last year, what do you see? the defense department pulled spending and what happens? the gdp, the economy slows down. now we're approaching a sequester and pull money helter skelter from every skek tore, what do you think it's going to do to our economy. >> juan, you're wrong. >> it's going to hurt america. >> juan, you're dead wrong. those weren't the factors that caused the economy to contract. >> that's what the economy said, herman. >> those are the wrong e
that will spur a new american economy that is focused again on making and innovating and growing and manufacturing and exporting. the long-term security and absolutely dependent on managing these risks we have identified today. it is that important for this country. you all can help. one man who understands this better than most is tom daschle. i can say a lot of things about tom daschle. i can talk about his military career in the air force. i can talk about his service in the house of representatives and his extraordinary leadership in the senate. the only person to serve as a majority and minority leader. i have said a lot about this man in terms of what his counterparts thought of him. i prefer to talk about tom daschle the father and grandfather. i think you can tell the measure of a man or a woman by the children. tom has got three great kids. i had the pleasure of knowing all of them. his daughter is an award- winning journalist. his son nathan is a social entrepreneur. his daughter lindsay, my favorite -- he cannot say that -- works at usda. she did an extraordinary job o
there are more significant. we need a transition to -- there are major economies going and the direction of low carbon. we are pushing the us to go in that direction. there is opportunity for canada to diversify its economy and become low carbon. and europe, they're looking at a directive. there is an opportunity i think to view the developments. is this a momentous change that we are looking at to start driving this? what does that mean for that relationship? i think the economic growth and the job opportunities are much bigger and greater than where we would find the fossil fuels sector. >> rupert murdoch, the guy who owns fox news and the wall street journal, he tweeted against of a keystone and said that we do not need. we have cleaner, natural gas from phrack inc.. -- fracking. what is the implication of this domestic boom? what crowd out the need for energy from canada? what does it mean that the u.s. is talking about being energy independent? >> it was separated into two areas. natural gas and homes. we are looking at surpluses. to say whether it will crowd canadian gas out of the u.s. m
for the economy. also something i think senator blunt did not cover but i would like to, there's going to be over 100,000 very low income residents in rural america that will lose their rental assistance that enables them to stay in safe and affordable housing. these families are generally female-headed households, or they're households welledderly or disabled -- welledderly or disabled. so my first question is for you, mr. werfel, if possible. and that would be as these furloughs, etc., take effect, do you anticipate it'll happen on day one, and it just happens in every agency and every department across the board, or will out be phased in -- will it be phased in over time? >> well, there's legal requirements for notice that i think deputy secretary carter mentioned. we have, what we'll see is agencies will start doing a couple of key things. first, furloughing is something that is subject to bargaining. so work is ongoing and will intensify as we approach sequester with union representation to make sure that the manner in which the furloughs are implemented are fair and equitable and etc., so t
industries and economies, the world's largest trade mostly predictable ally and always dependable friend. but some major changes on the horizon could present new challenges for the relationship. let's begin with energy. right now nearly all of canada's oil and gas exports are to the united states. that represents about 10% of u.s. energy needs. but that's about to change. neutrally technologies have unlocked new supplies of crude oil and natural gas from previously unreachable reservoirs across the u.s.. >> after years of talking about, we are finally poised to control our own energy future to disconnect some experts predict the united states will be energy independent by the year 2035. how will that affect canada's 40 billion-dollar oil bench and what will energy independence and for u.s. foreign policy? and what does it mean for pipelines? the canadian government is anxiously awaiting a decision from the white house on the proposed keystone xl pipeline. it would carry out the oil sands nearly 2,000 miles to refineries on the u.s. gulf coast. the secretary of state john kerry who has lo
to do with a rotten economy. older adults are staying in the work force longer any younger adults staying out of the work force longer because they cannot get into it. host: if you don't have a retirement, there is this option -- norman is joining us from maryland, 45 years old. how much have you saved so far for your retirement? caller: first, thanks for having an article on this subject. i have been waiting for this opportunity. i have $2,800 in my 401k plan. i am wanting your opinion for people my age. i was born in 1968. it seems we are at the tail end of the pension plans and profit- sharing and at the front end of all the financial crises in the country. people my age, it seems we were never able told the 10% we were told, the city to hold 10% your entire working life for your retirement. between jobs and layoffs -- and i have always been fortunate to make as much as college graduates, but between the jobs and layoffs throughout my work life and the clinton era taxes and everything -- i'm not blaming him, i thought he was a good president even though i am a republican, i jus
relations and a slowing economy. it is just about double the amount of 2011 the shortfall topped the previous record set in 2005. exports to china amounted to $145 billion, down more than 10% from the previous year. the first drop in three years, falling exports of cars and machinery were the main factors. imports rose roughly $190 billion, attributed to smartphones and meat. >>> fewer visitors came to japan in january. the number dropped for the first time in 11 months. >>> people in japan's northern most island say they don't want a nuclear plant near them. they asked the government to stop building the facility. electric power development company is constructing the plant in oma. the town is 23 kilometers by sea from hokkaido. work was stopped after the 2011 quake. it was resumed in 2012. cities submitted their request to the central government. >> translator: i don't think there's any need for the construction to go forward. >> the mayor also said people are worried about the safety of the plant because it's just across the water. city officials say they are considering filin
last year. that is due to strained bilateral relations and also a slow down in the chinese economy. officials at the japan external trade organization say that the trade deficit came to more than $44 billion. that's just about double the amount in 2011. the shortfall topped the previous record set in 2005. exports to china amounted to nearly $145 billion. that was down more than 10% from the previous year. it was the first drop in three years. now, falling exports of cars and construction machinery were the main factors here. on the other hand, imports from china rose 3% to roughly $190 billion. that was attributed to growing imports of smart phones and food products, including meat. let's see what happened on the markets here in asia. stocks were pretty mixed this tuesday. not a lot of clear direction out there today. the nikkei shed 0.3%. shanghai stocks down 1.6% today while hong kong shares lost 1%, sinking to a one-month low. european shares are looking like this. they are trading higher today on better business sentiment data out of germany. london is up by 0.3%. we have gain
of real threats to our security and our economy. >> ok. our enemies he said. is that china? >> look, i have a standing policy when i talk about china. china is not an enemy of the united states. there are no good reasons for china to become an enemy of the united states. there are non-heroic options to keep the relationship competitive, occasionally, maybe ostentation of, but never having to get to the level of conflict -- maybe, confrontational, i never having to get to the level of conflict. that said, the chinese behavior is very disturbing and it should not be allowed to stand. the president used that taxonomy that you and i just did. there is an espionage danger and then a destructive danger. >> the defense secretary said we could be facing a cyber pearl harbor. do you believe that? >> i do not choose to use that phrase myself. there are cyber dangers, but cyber pearl harbor is just two easy. wect be facing a cyber pearl harbor. why? because we're defenseless in the cyber demain. >> what are we going to do >> i adopt have a good answer so i don't say cyber pearl harber. there are
of gazprom economy in fueling so much corruption. so russia has a very different game to play here. we would like to see russia play a helpful role, in like providing the ssn-6 missile technology which seems to be the basis for the next missile launch we may see out of north korea. so there's no doubt that the globalization, the rising power or trying to keep power in the case of russia is effecting the leadership, decision-making how they think about north korea. let me bring this back to one point with china and the united states relationship. i don't think that china is going to cooperate with north korea just for the sake of north korea issues. that is to say, if they see the united states going in a different direction as jacques suggested rebalancing and supporting japan to be more assert tiff, they may decide, we're not going to cooperate in that with the united states because that is not in our chinese interests. what we're trying to do is convince the chinese we're not against a rising china. we want to see a growing middle class in china. we want to see a prosperous and more free c
things that are growing faster than the economy. that's stupid, stupid stupid. >> and yet sounds like you think when the sequester kicks in, that may be a window to do something big. tell us what's going to happen march 1 when the sequester cuts taking and why you think that might be a chance to do something big. >> when you guys go here to reagan airport and wait in line for three hours to get through security, you're going to be test. and so is everybody else. and you can use lots of different stories just like that. and when that happens to come back to congress and say, we are sick of this, let's get together, let's do something smart, let's put the partisanship aside, let's go together and let's fix this de debt. >> senator simpson, many people in this room have seen online the video of you gangnam style, a little harlem shake for us? pay for it? >> i didn't hear the last -- >> a little harlem shake for us? >> these young people, you've got to admire them. they handed me the script and it said stop instagram your breakfast. i said what the hell is that? and then it said and stop twee
that will affect the economy. more about the president's economic proposals with jennifer eric sent from the center for american progress. we will take questions on the president's proposals for immigration, education, and manufacturing. a representative of the american indian congress talks about tribal relationships with the federal government and cultural issues within the native american community. "washington journal" is live every day on c-span at 7:00 a.m. eastern. >> china is communism in name only today. the preserve the power of the members of the communist party. they basically through most of the the ideology aside when the country was opened up, and it is now capitalist haven. condi is now in china, they talked at great lengths about marxism, leninism, but it is all about preserving the power -- the party's power economically as the country grows. they threw aside most vestiges of communism long ago. in north korea, it is all about preserving the power of the military and the kim dynasty. it has nothing to do with what karl marx's vision of communism. somebody could do a fascinating bo
Search Results 0 to 23 of about 24 (some duplicates have been removed)